Maputo, Mozambique, 12 Oct – The Mozambican Finance Minister, Manuel Chang, Thursday presented to parliament three proposals relating to the revision of the country’s Customs Tariff and aimed at simplifying it and reducing taxes, officials said.
The first proposal relates to reducing the general customs tax on the import of goods from countries in the Southern African Development Community (SADC) as the Mozambican government is committed to complying with the schedule set for harmonizing customs rates.
The second proposal focuses on reducing customs taxes on products classified in the “others” category, which previously paid rates of between 20 and 25 percent.
Finally, the third proposal is related to tax exemption on the specific consumption of some products that were considered to be luxuries.
“We now think that the country needs these products, considering the government’s wish to attract more investment in tourism and sport,” said Chang, quoted by daily newspaper, Notícias, adding that the idea was to reduce some taxes on importing equipment for sports such as golf, tennis and others considered to be elite sports.
The reduction of taxes will also cover aircraft, of the proposal is approved by the Mozambican parliament, as due to the current 25 percent tax it is unlikely any will be imported. (macauhub)